GTOptions Binary Broker Review

GTOptions has only been around for a couple of years. While the name of the company that owns GTOptions (Funline Trading) implies that the services are geared toward traders who are in the market for entertainment purposes, GTOptions seems to be making extra efforts toward urging responsible trading. What’s more, they accept traders from the USA.

Is GTOptions a Scam?

From what we can tell, GTOptions is one of the standard run of the mill brokers out there. They seem to have a solid reputation, despite not having been around all that long, and there are a lot of signs of good faith if you explore the website. GTOptions takes a very responsible attitude toward trading and does not look for ways to exploit strong emotions and compel traders into greedy and foolish trading decisions that will cost them money. In the binary options industry, that’s pretty impressive. There are so many scammers out there, and the attitude they take toward trading is usually very different.

Deposit Information

There is no minimum withdrawal limit mentioned in the GTOptions FAQ, which is great. Lots of binary options brokers will only let you withdraw once you have $100 or more to take out of your account, which is a pretty good way to keep you from getting your money. You don’t need to worry about that with GTOptions.

GTOptions Bonus Information

GTOptions offers a couple of different bonuses. If you deposit within 24 hours of registering, you can receive a 5% bonus. You also can get a match bonus of up to 50%. What’s really impressive about GTOptions isn’t just the bonuses they offer, but also their amazing transparency concerning those bonuses. Most brokers will try to sell you on the bonuses as if they are free cash. But match bonuses are almost always leverage on your account until you reach a certain turnover volume. GTOptions is the only broker we’ve investigated that actually bluntly spells this out on their page and explains that leverage is the purpose of the bonuses. This broker goes so far as to openly admit that you can lose money more quickly, just as you can profit more quickly. Statements like these build trust faster than anything else. Honesty is a rare and precious quality in an industry that is crawling with scammers.

Trading Features at GTOptions

SpotOption is a high-quality platform which has the advantage of being familiar to many traders since it is used by so many brokers. One feature that is missing from GTOptions and which would be nice would be mobile trading. The company makes up for this though in a number of ways by offering the following useful features:

•Demo account. Once you’ve opened up a regular account, you can talk to the customer service team and request that they change the status of your account to demo status. You are then given two weeks to practice trading with no risk or obligation. Unlimited demo testing would be better, but a demo account is still an excellent feature, and most brokers don’t offer them.

•Lots of educational resources and trading tools. These include the FAQ, a free eBook, a video tour, a video tutorial, Fibonacci calculator, economic calendar, daily and weekly market review, trading signals, and money management classes. Customers who hold VIP accounts have access to more advanced tools and features. All account holders, regardless of level, are paired up with a personal account manager to provide the highest level of service.

Assets Available to Trade

There are more than 70 assets you can trade on GTOptions, including stocks, indices, currencies, and commodities. Check out the full list below, and then scroll to the bottom for our conclusion on GTOptions.

Final Thoughts on GTOptions

When you first navigate to GTOptions and have a look at the website, you’ll probably be impressed with the quality of the site design. A lot of professionalism and focus has clearly been put into making the site as functional as possible. There are tons of pages of information and resources, and they are all very well organized. Are there drawbacks of GTOptions? There are certainly a few. There is no mobile trading, and GTOptions is not regulated (then again, not that many brokers are—and almost none are regulated as binary options brokers). Since GTOptions has not been around for very long, they don’t have much of a history yet, but they do seem to be well reviewed online.

What really seems to set GTOptions apart from other brokers is their commitment to providing traders with real information and guidance on trading. There are so many resources and tools which can help you learn how to trade, and the text on the web pages which introduces the features is extremely clear. GTOptions is transparent about bonuses and posts their Risk Disclaimer in plain view.

Whether you are planning on trading binary options purely for fun or you actually want to become profitable and you take this seriously as a business, GTOptions can help you to do so in a responsible manner. GTOptions is certainly worth checking out during your broker selection process.

Give their customer service agents a call and see for yourself if GTOptions might be the right broker for you.

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